A Memorandum of Understanding on cooperation has been signed between the Central Bank of Azerbaijan and the People's Bank of China, the Central Bank (CBA) told APA-Economics.
It was noted that the Memorandum will contribute to the formation of a legal framework for cooperation between the two institutions, strengthening relations, as well as exchanging information on best practices. In addition, the institutions will interact in the field of holding meetings, seminars and business visits to discuss issues on monetary policy, the financial sector, payment systems, and financial technologies.
The Memorandum will contribute to the development of both central banking and the financial sectors of both countries as a whole.
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